You should be aware that all residential policies have "special limits" of coverage on some types of property. Regardless of your total contents limit, the policy will state a maximum coverage on certain specific items. A few examples are:

Books, tools and instruments used for a business, profession or occupation. This is particularly important for mechanics, carpenters and other tradespeople.

Cash money and securities.

Expensive garden equipment such as rider mowers and garden tractors.

Boats and boating equipment.

Computer software. The cost of gathering or assembling information or data is not insured at all.

Some additional items are limited because of their potential high values:

Jewelry, watches, gems, fur garments and garments trimmed with fur.

Collectible cards (hockey, baseball), coin or medal collections.

Manuscripts and stamp collections.

Bicycles, including equipment and accessories.

In order to have adequate coverage, valuables should be appraised and special coverage should be purchased.

If you have assets that may be affected by any of the maximum coverages, be sure to review your policy or talk to your broker.

Contact Mooney Insurance Agency Ltd. to discuss special coverages on your homeowner's policy.

For more information, E-mail us at info@mooneyinsurance.com